Does executive need signatures from siblings to sell family property which all inherited?
Siblings can force the sale of inherited property in Florida. All siblings must agree or the property will have to be sold and split up, as long as each of them are on the property's name and/or will.
You can use a home equity loan to buy out your siblings' share of inherited property by borrowing against the value of your home. This allows you to access funds to pay off your siblings and become the sole owner of the property.
Yes, you can buy out your siblings in an inherited home by offering them a fair price for their share of the property. This process typically involves negotiating with your siblings and reaching an agreement on the terms of the buyout.
The person named as the executor of a will does not need the signature of siblings to perform this function UNLESS they too are named as executors in which case the signatures of ALL the executors are required to dispose of the estate.
Generally, a judgment against one of nine siblings who have inherited property will affect only that person's 1/9 interest. It will not prevent the sale of the property. However, the debtor sibling's 1/9 share of the proceeds will be held back at the closing and used to pay off the lein.
No you would need all signatures of all siblings giving you the right to sell
If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.If the parent owns the property they can convey it to the grantee of their choice.
AnswerYou haven't explained the reason for the lien. If the beneficiary owes the siblings any money and refused to pay they can sue in court for the debt and obtain a judgment lien on the property.
Yes, you will need to involve lawyers and courts if you can't come to some agreement to sever your tenancy in common.
It depends on how the estate was distributed. If the property was left to a specific person, no, they cannot force the sale. If it is part of the estate in general, they can force the sale or require the person who wants it to pay them for their share.
Yes. As long as the property isn't subject to probate and as long as all the siblings execute the deed.
Have the house appraised for current market value, divide the price by 5 and have the siblings who want to keep the house buy out the others. If that does not work, you can petition the court in your jurisdiction to partition the property. The court will appoint a commissioner to sell the property and the fees will be deducted from the proceeds.